As expected, Redfin reports asking prices down from the all-time high

A record-high share of home sellers are dropping their prices after this month’s historic mortgage-rate hike put a damper on homebuyer activity More and more, home sellers are ceding to the mounting pressure on affordability posed by this month's rapid mortgage-rate hike, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The median … Continue reading As expected, Redfin reports asking prices down from the all-time high

Redfin reports typical U.S. asking rent surpassed $2,000 for the first time in May

Asking rents were up over 30% in Cincinnati, Seattle, and Nashville and nearly 50% in Austin The median monthly asking rent in the U.S. surpassed $2,000 for the first time in May, rising 15% year over year to a record high of $2,002, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That’s … Continue reading Redfin reports typical U.S. asking rent surpassed $2,000 for the first time in May

Zillow’s Five tips to help home buyers win (and two things to always avoid)

In today's hot sellers' market, winning buyers finance first and shop later Today's supercharged housing market has flipped the traditional home-buying journey on its head. Nationally, with 22.5% fewer for-sale listings than last year and homes flying off the market in just nine days, aspiring homeowners need to change their approach to win the deal. … Continue reading Zillow’s Five tips to help home buyers win (and two things to always avoid)